Tag: federal reserve
Analysts expect Citigroup’s (C) EPS to increase at a double-digit rate in the coming quarters, which makes its valuation lucrative.
On Tuesday, Fed Chair Jerome Powell expressed willingness towards interest rate cuts amid the slowdown. So far, the Fed has cut the rates twice this year.
The Fed's stance for upcoming interest rates will be clear when it releases the September meeting minutes on Wednesday. Policymakers seem to be divided.
The Fed is expected to revise lending rates this week. Berkshire Hathaway CEO Warren Buffett has advised investors not to worry about the Fed’s decision.
Yesterday, in a series of late-night tweets, President Trump attacked the Federal Reserve and Jerome Powell again, calling them “boneheads.”
Today, the Bureau of Labor Statistics released the US non-farm payroll data for August. The US economy added fewer-than-expected jobs last month.